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Redefining Wealth with Patrice Washington

UPDATE: The Blessing of Downsizing

Redefining Wealth with Patrice Washington

Patrice Washington

Self-improvement, Education:self-improvement, Education

4.91.6K Ratings

🗓️ 18 July 2019

⏱️ 42 minutes

🧾️ Download transcript

Summary

Last summer, my husband Gerald and I did an episode on the blessing of downsizing, and now, a year later, I want to give you an update. When we started downsizing, there was a lot of struggle, a lot to figure out, but one of the things that kept us going was knowing there was something purposeful about downsizing. For those of you who are new to Redefining Wealth, Welcome! Redefining Wealth is a community that recognizes wealth is so much more than money and material possessions. In this episode, we’re going to give a quick summary of where we were last year and then dive into where we are now and what lessons we’ve learned along our downsizing journey. This episode is brought to you by our complimentary Purpose Chasers community. Want to share your aha moments with a group of like-minded purpose chasers from all over the world? Visit iamapurposechaser.com and join NOW. Summer 2018 This time last year, we were in the middle of downsizing. My husband, daughter and I were living in Southern California in a 6,000 plus square foot house and not occupying half of it. There was so much of the house we weren’t using, yet we were still paying to clean and maintain – it didn’t make sense. So, as a family, we went through a voluntary downsize. “Our goal was to cut our expenses by 60% and then reinvest the money into things that mattered to us.” Logically, we knew downsizing was the best thing we could do, but once we started packing and moving, there were a lot of emotions that affected all of us.  During this I remember Gerald said, “We’re not decluttering. We’re detoxing.” That was like a lightbulb moment because decluttering is one thing, but detoxing can be very uncomfortable. For us, we had to stick with it even though it was uncomfortable and painful. I compare our detoxing to a season of pruning. It’s a season where you’re removing the things that no longer serve you. And with pruning, there’s a purpose to doing it – to help you (or a tree) grow stronger. And so, that’s what we did. We went through this voluntary pruning and while the last 12 months have been painful at times, they have also been purposeful. Here’s a bit of what’s changed for us personally and professionally: We were able to purchase two apartment buildings here in Georgia We started a transportation company and bought our first 18-wheeler We bought a home in a wonderful neighborhood (also, shout out to Egypt Sherrod [https://www.instagram.com/egyptsherrod/] who was our realtor and helped us find our incredible home) I was able to bring on new team members for my business I launched my Mastery + Momentum Mastermind, the Purpose to Platform, and the Purpose Chasers Community Redefining Wealth has almost reached a million downloads Gerald finished his book, Don’t Just Start a Business, Build an Empire  I believe these things couldn’t have happened if we allowed ourselves to continue to hold onto dead weight. In other words, if we’d continued to wrap our arms around those things that looked good from the outside, but didn’t feel good on the inside, then we would not be in the place we are now. And regardless of where we are now, I want you to know that every transition and transaction comes with work. There will be painful moments. There will be uncomfortable moments. But the key is in remembering why you’re doing it. Summer 2019 – 12 Months Later When we started 2019, our word for the year was “release.” Without even knowing all the releasing that was going to happen to us. We’ve released relationships, conversations and material things. “It’s been a learning process. I’ve learned more from these unforeseen scenarios than I have from any book.” – Gerald For Gerald, working through the process of downsizing and releasing has been tough at times. And it’s challenged his faith. We went through a lot moving from a 6,000 plus square foot house to an apartment, then to a hotel room and finally to a house again.  All the trials an

Transcript

Click on a timestamp to play from that location

0:00.0

It's not all roses. The end result will be amazing. We have faith that

0:06.9

guys gonna push us through. We're gonna make money doing it. But I want to make

0:10.0

sure everybody's clear that you have to make sure you buy correctly.

0:13.8

You have to make sure that you say it correctly so that when things do happen you're

0:17.4

prepared.

0:20.4

Hey there, this is Patrice Washington from Patrice Washington.com where we chase

0:26.8

purpose not money. Welcome back to another episode of Redefining Well

0:32.0

This is officially episode 101. I am still in awe that we've made it a hundred episodes. If you're

0:40.7

an OG listener or Purpose Chaser, I owe that to you. Thank you so much for your continued support week after week for your binge listening.

0:50.0

It's funny, although we have over 800,000 downloads, we have I think well over like 1.2 million plays because so many of you listen to the same episodes over and over again.

1:03.4

And if you've been Benching, then I know you probably heard last summer

1:08.4

an episode I did about the blessing of downsizing with my husband.

1:14.1

And that episode was exactly a year ago,

1:17.2

so I thought it would be really cool

1:19.5

to give you an update,

1:20.9

because at that time, we were in the midst of the downsize figuring it out and I knew

1:28.7

that there was something special there and my heart for this community has always been that I not just

1:35.0

talk to you from some type of mountaintop experience but that we're on a

1:39.5

journey together we're doing this together and so it was real time when I was sharing the struggles

1:46.2

of going through a downsize even though we knew there was good in it.

1:50.6

And so many of you reached out back then and continue to reach out every time you know someone benches and hears it I I get a

1:57.4

DM or I get a message saying man this is where I am this is where I am this is where I'm going through so I thought it would be cool to do an update. So first let me say, if you are

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